fibo-be-tr-tr:TrustAgreement leaf node


URI

https://spec.edmcouncil.org/fibo/ontology/BE/Trusts/Trusts/TrustAgreement

Label

trust agreement

Description

formal agreement that establishes a trust, whereby the trustor(s) gives the trustee(s) the responsibility to hold and manage assets for the beneficiary(ies)

Usage

Instances of fibo-be-tr-tr:TrustAgreement can have the following properties:

PROPERTYTYPEDESCRIPTIONRANGE

Implementation

@prefix cmns-av: <https://www.omg.org/spec/Commons/AnnotationVocabulary/> .
@prefix cmns-pts: <https://www.omg.org/spec/Commons/PartiesAndSituations/> .
@prefix fibo-be-le-fbo: <https://spec.edmcouncil.org/fibo/ontology/BE/LegalEntities/FormalBusinessOrganizations/> .
@prefix fibo-be-tr-tr: <https://spec.edmcouncil.org/fibo/ontology/BE/Trusts/Trusts/> .
@prefix owl: <http://www.w3.org/2002/07/owl#> .
@prefix rdfs: <http://www.w3.org/2000/01/rdf-schema#> .
@prefix skos: <http://www.w3.org/2004/02/skos/core#> .

fibo-be-tr-tr:TrustAgreement a owl:Class ;
    rdfs:label "trust agreement" ;
    rdfs:isDefinedBy fibo-be-tr-tr: ;
    rdfs:subClassOf [ a owl:Restriction ;
            owl:onProperty cmns-pts:hasPartyRole ;
            owl:someValuesFrom fibo-be-tr-tr:Trustor ],
        [ a owl:Restriction ;
            owl:onProperty cmns-pts:hasPartyRole ;
            owl:someValuesFrom fibo-be-tr-tr:TrustBeneficiary ],
        [ a owl:Restriction ;
            owl:onProperty cmns-pts:hasPartyRole ;
            owl:someValuesFrom fibo-be-tr-tr:Trustee ],
        fibo-be-le-fbo:OrganizationCoveringAgreement ;
    skos:definition "formal agreement that establishes a trust, whereby the trustor(s) gives the trustee(s) the responsibility to hold and manage assets for the beneficiary(ies)" ;
    cmns-av:explanatoryNote "A trust agreement typically states the (1) purpose for which the trust was established and fulfillment of which will terminate the trust, (2) details of the assets placed in the trust, (3) powers and limitations of the trustees, their reporting requirements, and other associated provisions, and (4) may also specify the trustees' compensation, if any. A trust agreement involving real estate requires its exact description and the trustor's express, written consent to create the trust to be valid." ;
    cmns-av:synonym "trust deed",
        "trust document",
        "trust instrument" .